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Category: Oil and Gas

NNPC quits as middleman in purchase of Dangote Refinery petrol

Oil and Gas October 7, 2024 Esther Istifanus 0 Comments

The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchase agreement with Dangote Refinery, opening up the market […]

Crude-for-loans: NNPCL vote eight million barrels monthly for $8.8bn debt – Report

Oil and Gas October 4, 2024 Akan Victor 0 Comments

•Firm repays $2.61bn, owes $6.25bn as Nigeria loses 264m crude barrels to theft, others The Nigerian National Petroleum Company Limited […]

NNPCL can produce 3 million barrels of oil daily, says NNPCL

Oil and Gas October 3, 2024 Akan Victor 0 Comments

The Nigerian National Petroleum Company Limited (NNPCL) , declared on Saturday in Abuja that production of 3 million barrels of […]

Saudi Arabia warns oil prices could drop to $50

Oil and Gas October 2, 2024 Akan Victor 0 Comments

Saudi Energy Minister Prince Abdulaziz bin Salman has warned fellow OPEC+ ministers that if other producers continue to flout their […]

Nigeria set to approve Exxon-Seplat asset deal in days

Oil and Gas October 1, 2024 Esther Istifanus 0 Comments

Nigeria is poised to approve ExxonMobil’s $1.28bn deal to sell its onshore assets to Seplat Energy in the coming days, following […]

ExxonMobil expands energy projects across Africa, eyes growth

Oil and Gas October 1, 2024 Esther Istifanus 0 Comments

ExxonMobil has announced significant progress on various energy initiatives across Africa, reinforcing its position as a key player in the […]

Algeria, Niger advances on plans for trans-Saharan gas pipeline project

Oil and Gas September 30, 2024 Esther Istifanus 0 Comments

  Algeria and Niger discussed key steps to advance the Trans-Saharan Gas Pipeline (TSGP) project during a visit by Niger’s […]

NEITI, NNPC-L differ on crude oil sales audited accounts

Oil and Gas September 29, 2024 Akan Victor 0 Comments

  THE latest report by the Extractive Industries Transparency Initiative (NEITI) on crude oil sale presents a marked difference from […]

NEITI: Oil, gas companies owe FG $6bn, N66bn

Oil and Gas September 27, 2024 Esther Istifanus 0 Comments

The Nigeria Extractive Industries Transparency Initiative (NEITI) says outstanding revenues due to the federal government in the oil and gas […]

ExxonMobil plans $10bn offshore investment in Nigeria

Oil and Gas September 27, 2024 Akan Victor 0 Comments

ExxonMobil has announced plans to invest $10bn in offshore oil projects in Nigeria, marking a significant push in its commitment […]

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